landgrab by bailout bank “citi bank”
Martin Luther King/Marcus Garvey Cooperatives
Shareholders Protest Land Grab
By Bailed Out Bank
Who: Asian and Black Shareholders and board members of Martin Luther King/Marcus Garvey Cooperatives, Board President Carlos Levexier, founder of MLK/Marcus Garvey Cooperatives, Dr. Oba TShaka of San Francisco State, San Francisco State Students, and community activists.
What: Protest and Demonstration (50-60 people) in front of Citi Community Capital
Where: One Sansome Street, Office of Citi Community Capital (Cross street Sutter)
When: 11:30 a.m. until 1 p.m., Thursday, November 13, 2008
Why: The protest and demonstration are to stop the deal by Citi Community Capital and HUD to financially enslave the owner/residents of MLK/Marcus Garvey Cooperatives. The shareholders are 10 years and $3.5 million away from paying off the property and HUD and Citi Community Capital are trying to force the shareholders into a $40 million refinance deal. The U.S. is presently suffering financially because of similar unrealistic refinance deals that have caused millions to lose their homes. Citi Community Capital who has benefited from the taxpayer financed $700 billion bail out package is continuing on its path to encumber older shareholders with burdensome financial payments that could have them ousted from their property. MLK/Marcus Garvey residents should not have to pay twice to finance Citi Community Capital through taxes and also through an unfair refinance deal. It is unfair to strengthen a financial system that would then turn around and take unfair advantage of low-income elderly residents. The land grab must stop now!
Duration : 0:5:10
Categories: CitiBank Online Payment Tags: ca, citibank, complex, fillmore, francisco, landgrab, of, san
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